NOT LISTED FOR SALE
7 Beds
6 Baths
4,072 Sq Ft
7,889 Sq Ft Lot

Last Sold October 23, 2024

Last sale price $1,650,000 $405 Per Sq Ft

17 Days on Market

About This Home

As of October 2024

Wonderful opportunity for an owner-user or investor to acquire a well maintained multi-family income property in the
Grandview neighborhood of Glendale; the property is comprised of one (1) three (3) bedroom, one and one quarter (1.25)
bathrooms single family residence and four (4) one (1) bedroom, one (1) bathroom units; the single family residence is
currently vacant and has a newer full bathroom and kitchen; one (1) of the one (1) bedroom, one (1) bathroom units has a
newer kitchen; the house was constructed in 1923 and the additional four (4) one (1) bedroom units were built in 1960; the
electrical in the house has been replaced and the four (4) one (1) bedroom units are on circuit breakers; almost all windows
replaced on the house; entire property is copper plumbed; sewer line for both structures replaced to the street; central air
conditioning in the house; wall heating and through-the-wall air conditioning for the four (4) one (1) bedroom units; the
house has its own water heater; a central hot water heater serves the four (4) one (1) bedroom units; all units are
separately metered for gas and electricity; parking is four (4) spaces in two (2) two (2) car, closed garages off the alley; soft
story retrofit completed; laundry facility on site; generous upside in rents; located just south of Glenoaks Boulevard and
east of Alameda Avenue near Downtown Burbank; less than 1/3 of a mile to Trader Joe’s and Walgreens; owner will consider carrying paper with a minimum of 1/3 down payment, terms to be negotiated

Last Agent to Sell the Property

David 'Randy' Stevenson

Stevenson Real Estate Services Brokerage Phone: 818-956-7001 License #01228475 Listed on: 09/10/2024

Last Buyer's Agent

David 'Randy' Stevenson

Stevenson Real Estate Services Brokerage Phone: 818-956-7001 License #01228475 Listed on: 09/10/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,702

Year Built

  • Built in 1923

Lot Details

  • 7,889 Sq Ft Lot
  • Two or More Common Walls
  • Density is 16-20 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 4,072 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 30
  • Tax Tract Number 4280
  • Assessor Parcel Number 5624008038

Community Details

Overview

  • 2 Buildings
  • 5 Units

Amenities

  • Laundry Facilities

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $7,313
  • Gardener Expense $2,600
  • Insurance Expense $6,866
  • Maintenance Expense $158
  • Other Expense $4,648
  • Pest Control $899
  • Operating Expense $29,353
  • Gross Income $52,587
  • Net Operating Income $52,587

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,702

Year Built

Built in 1923

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 2600.00
  • Parcel Number: 5624008038
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 405.21

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Pest Control Expense: 899.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 16-20 Units/Acre
  • Lot Size Sq Ft: 7889.00
  • Lot Size Acres: 0.1811

Multi Family

  • Electric Expense: 7313.00
  • Gross Income: 52587.00
  • Gross Scheduled Income: 81940.00
  • Insurance Expense: 6866.00
  • Lot Size Area: 7889.0000 Square Feet
  • Maintenance Expense: 158.00
  • Net Operating Income: 52587.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 29353.00
  • Other Expense: 4648.00
  • Other Expense Description: Repairs
  • Rent Control: No
  • Total Expenses: 29353.00

Tax Info

  • Tax Lot: 30
  • Tax Tract Number: 4280
  • Tax Annual Amount: 6702.00

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/23/2024 10/23/24 Sold $1,650,000 -1.5% $405 / Sq Ft
09/27/2024 09/27/24 Pending -- -- --
09/10/2024 09/10/24 For Sale $1,675,000 -- $411 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $11,779 $1,650,000 $990,000 $660,000
2024 $11,779 $1,007,023 $566,114 $440,909
2023 $6,758 $546,580 $192,039 $354,541
2022 $6,647 $535,864 $188,274 $347,590
2021 $6,522 $525,358 $184,583 $340,775
2020 $6,434 $519,972 $182,691 $337,281
2019 $6,294 $509,777 $179,109 $330,668
2018 $6,135 $499,783 $175,598 $324,185
2016 $5,790 $480,378 $168,780 $311,598
2015 $5,682 $473,163 $166,245 $306,918
2014 $5,667 $463,895 $162,989 $300,906
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: GD24188352

California Regional Multiple Listing Service (CRMLS)